Britain's first gold vending machine was switched on in a west London shopping centre this week, allowing ordinary shoppers to buy the precious metal as an investment.
Prices in the Gold to Go machine are updated every 10 minutes, reflecting the fluctuations in the world market, and range from a one-gram coin for about £40 ($A60) to a 250-gram bar for about £10,250.
The machine takes credit cards. The German company behind the machine, Ex Oriente Lux, is capitalising on gold's reputation as a safe investment in times of economic turmoil, though many financial experts fear that the price has risen too high and could fall sharply. The gold machine, at Westfield shopping centre in Shepherd's Bush, is also expected to be used by gift-seekers and offers a special 2.5-gram bar with the London skyline engraved on the reverse.
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